Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies $347,800 54,500 135,000 232,686 Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs 45,400 25,750 26,000 48,500 25,700 $941,336 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.51 per hour. 2. Determine the amount of applied overhead if 19,300 actual hours are worked in the upcoming year.